Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder Durable Capital Partners Lp bought 36,256 shares of the stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $61.92 per share, for a total transaction of $2,244,971.52. Following the completion of the purchase, the insider directly owned 2,570,260 shares in the company, valued at approximately $159,150,499.20. This represents a 1.43% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Durable Capital Partners Lp also recently made the following trade(s):
- On Monday, July 27th, Durable Capital Partners Lp purchased 40,077 shares of Goosehead Insurance stock. The shares were purchased at an average price of $61.72 per share, with a total value of $2,473,552.44.
- On Friday, July 24th, Durable Capital Partners Lp purchased 113,646 shares of Goosehead Insurance stock. The stock was purchased at an average cost of $58.34 per share, for a total transaction of $6,630,107.64.
Goosehead Insurance Stock Performance
Shares of GSHD stock opened at $68.56 on Wednesday. The company has a market capitalization of $2.44 billion, a PE ratio of 50.04, a price-to-earnings-growth ratio of 2.35 and a beta of 1.38. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $90.79. The business's fifty day moving average is $47.93 and its 200 day moving average is $48.57.
Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.The business had revenue of $95.63 million during the quarter, compared to analysts' expectations of $103.30 million. During the same period in the previous year, the business earned $0.49 earnings per share. The firm's revenue was up 20.6% on a year-over-year basis. On average, sell-side analysts forecast that Goosehead Insurance will post 1.45 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have recently commented on GSHD shares. UBS Group boosted their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Cantor Fitzgerald reiterated an "overweight" rating and set a $76.00 target price on shares of Goosehead Insurance in a research report on Thursday, July 23rd. Piper Sandler boosted their price target on shares of Goosehead Insurance from $52.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Goosehead Insurance from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. increased their price target on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a "neutral" rating in a report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Goosehead Insurance has a consensus rating of "Hold" and a consensus target price of $68.45.
Get Our Latest Report on GSHD
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its stake in shares of Goosehead Insurance by 85.7% in the 1st quarter. AQR Capital Management LLC now owns 4,332 shares of the company's stock valued at $511,000 after acquiring an additional 1,999 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Goosehead Insurance by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company's stock worth $1,578,000 after purchasing an additional 578 shares during the period. Goldman Sachs Group Inc. increased its stake in Goosehead Insurance by 86.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company's stock worth $41,885,000 after purchasing an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Goosehead Insurance by 5.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company's stock valued at $6,894,000 after purchasing an additional 3,218 shares during the last quarter. Finally, Intech Investment Management LLC lifted its position in Goosehead Insurance by 28.2% in the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company's stock valued at $1,320,000 after purchasing an additional 2,461 shares during the last quarter.
Goosehead Insurance Company Profile
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Get Free Report)
Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.
Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.
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